I500.L vs. SPXE.L
I500.L (iShares S&P 500 Swap UCITS ETF) and SPXE.L (Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc)) are both S&P 500 funds - I500.L tracks the S&P 500 Net Dividends Reinvested Index (Net USD) while SPXE.L tracks the S&P 500 Scored & Screened Index. Both are passively managed. Over the past 5 years, I500.L returned 13.55%/yr vs 13.98%/yr for SPXE.L. Their correlation of 0.91 suggests significant overlap in exposure. I500.L charges 0.07%/yr vs 0.09%/yr for SPXE.L.
Performance
I500.L vs. SPXE.L - Performance Comparison
Loading charts...
Different Trading Currencies
I500.L is traded in GBP, while SPXE.L is traded in USD. To make them comparable, the SPXE.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, I500.L achieves a 9.15% return, which is significantly higher than SPXE.L's 8.63% return.
I500.L
- 1D
- -1.06%
- 1M
- -0.85%
- 6M
- 7.51%
- YTD
- 9.15%
- 1Y
- 19.85%
- 3Y*
- 18.42%
- 5Y*
- 13.55%
- 10Y*
- —
SPXE.L
- 1D
- -1.07%
- 1M
- -2.67%
- 6M
- 7.06%
- YTD
- 8.63%
- 1Y
- 21.84%
- 3Y*
- 17.92%
- 5Y*
- 13.98%
- 10Y*
- —
I500.L vs. SPXE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
I500.L iShares S&P 500 Swap UCITS ETF | 9.15% | 9.51% | 27.54% | 20.08% | -8.74% | 31.23% | -15.42% |
SPXE.L Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc) | 8.63% | 9.57% | 26.72% | 21.98% | -8.25% | 33.54% | 5.15% |
Correlation
The correlation between I500.L and SPXE.L is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2020 | 0.91 |
The correlation between I500.L and SPXE.L has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
I500.L vs. SPXE.L — Risk / Return Rank
I500.L
SPXE.L
I500.L vs. SPXE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Swap UCITS ETF (I500.L) and Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc) (SPXE.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| I500.L | SPXE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.33 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | 3.21 | -0.40 |
| Martin ratioReturn relative to average drawdown | 9.95 | 11.49 | -1.55 |
Loading charts...
Drawdowns
I500.L vs. SPXE.L - Drawdown Comparison
The maximum I500.L drawdown since its inception was -24.54%, which is greater than SPXE.L's maximum drawdown of -21.81%. Use the drawdown chart below to compare losses from any high point for I500.L and SPXE.L.
Loading charts...
Drawdown Indicators
| I500.L | SPXE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.54% | -21.81% | -2.73% |
Max Drawdown (1Y)Largest decline over 1 year | -7.04% | -6.78% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -20.76% | -21.81% | +1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -20.76% | -21.81% | +1.05% |
Current DrawdownCurrent decline from peak | -1.90% | -2.89% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -6.44% | -3.35% | -3.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 1.90% | +0.09% |
Volatility
I500.L vs. SPXE.L - Volatility Comparison
The current volatility for iShares S&P 500 Swap UCITS ETF (I500.L) is 2.96%, while Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc) (SPXE.L) has a volatility of 3.26%. This indicates that I500.L experiences smaller price fluctuations and is considered to be less risky than SPXE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| I500.L | SPXE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 3.26% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 7.72% | 9.35% | -1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.89% | 12.18% | -1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.93% | 15.66% | +4.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.38% | 18.23% | +3.15% |
I500.L vs. SPXE.L - Expense Ratio Comparison
I500.L has a 0.07% expense ratio, which is lower than SPXE.L's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
I500.L vs. SPXE.L - Dividend Comparison
Neither I500.L nor SPXE.L has paid dividends to shareholders.
Frequently Asked Questions
I500.L and SPXE.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, I500.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
I500.L is cheaper with a 0.07% expense ratio, compared with 0.09% for SPXE.L.
I500.L tracks S&P 500 Net Dividends Reinvested Index (Net USD), while SPXE.L tracks S&P 500 Scored & Screened Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.07% for I500.L and 0.09% for SPXE.L.
Find the right allocation for I500.L and SPXE.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer